Tesla CEO Elon Musk polls Twitter users about Tesla investing $5bn in his AI startup, xAI.
Tesla CEO Elon Musk has asked Twitter users if Tesla should invest $5bn in his AI startup, xAI, through a poll. The poll follows Tesla's announcement of its lowest profit margin in five years, attributed to price cuts and increased AI spending. xAI, founded by Musk in 2021, raised $6bn in a funding round earlier this year. Musk clarified that the poll is just to gauge public opinion and that formal approval from Tesla's board and shareholders is necessary.
July 24, 2024
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